Forrest Shealy
Multi-family that lacks documentation
I have only done SF in B neighborhoods until now. I am looking at a 10 unit in a C- neighborhood. The price is great. The numbers the current owner is giving me are good enough to leave some margin for error, and ther...
Lafontant Cherilus
35 Yrs Old Building a Rental Portfolio - Overcoming Doubt
Had breakfast with a close friend of mine this morning and I explained that my goal was to eventually have minimum of $5,000 month coming in (after taxes) from rentals in low income / working class neighborhoods. And...
Douglas Skipworth
Frayser haters, check out this video from The Ellen Show today!
I have only been active on BiggerPockets for a couple of months, but it's pretty clear that BP hates the Frayser neighborhood in Memphis*.There is no doubt it's a challenge rental market, but great things are happenin...
Nathan Shankles
The 2% rule - how close do you stick?
I bought my two investment properties about 8 years ago and at that time hadn’t heard of Th e 2% rule. When I recently learned of it, I went and did the math. Each of my properties falls between 1.3 and 1.6%. I’m wond...
Brian Colbert
Has anyone found an easy way to explain to an agent how the short sale process is a good deal for everyone?
It seems to me in California at least it is hard to get an agent to take offers very seriously. With all the DRE hoopla Negative articles being published everyone is afraid to get involved :roll:
Regardless how you ...
Michael Shuster
Why The Rich Get Richer - They Buy Low-Sell High!
Over 90% of the population are are trapped in the rat race.
One of the reasons the rich get richer, the poor get poorer, and the middle class struggle in debt is because the subject of money is taught at home, not ...
Ray Johnson
Help me understand Indianapolis - Fountain Square and Warren
I'm looking for some B Class properties for my Buy-and-Hold portfolio in Fountain Square and Warren Park area of Indianapolis.I was looking at this Investors Guide to Grading Indianapolis Neighborhoods and noticed t...
Account Closed
Is it possible to get a 600k commercial loan at 23?
My husband and I are looking to buy an apartment complex in the next year. We are working on our investing education as well as our criteria. Ideally we would like at least 15 units. We have 550k in cash and would be ...
Marty Sheehan
Seller claiming "not enough money to close"
I'm in a bit of a pickle on closing right now. I was under contract for a duplex for $165K "as-is, where-is" but on the home inspection, we discovered a leaking pipe in the bathroom which was flooding the bathroom/ad...
Joel Oh
Do you really need a STR insurance?
Hi guys, I know I will get a lot of hates from this but does STRs insurance really good as their price?From my experience so far, Airbnb never failed to cover any issues I had caused by guests. Also in case of fire or...